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2. Money laundering - Wikipedia

   en.wikipedia.org/wiki/Money_laundering

   Placing 'dirty' money in a service company, where it is layered with legitimate income and then integrated into the flow of money, is a common form of money laundering. Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, underground ...

3. Financial crime - Wikipedia

   en.wikipedia.org/wiki/Financial_crime

   In 2005, money laundering within the financial industry in the UK was believed to amount to £25bn a year. [5] In 2009, a United Nations Office on Drugs and Crime (UNODC) study [ 6 ] estimated that criminal proceeds amounted to 3.6% of global GDP , with 2.7% (or US$1.6 trillion) being laundered.

4. Anti-Money Laundering Improvement Act - Wikipedia

   en.wikipedia.org/wiki/Anti-Money_Laundering...

   The Anti-Money Laundering Improvement Act established national and international policies to prevent and combat money laundering and terrorist financing. [1]It protects the integrity of financial institutions by detecting money laundering activities, which involve converting illegally obtained funds into legitimate assets through complex transactions and disguising the proceeds as lawful funds.

5. How This Money Laundering Scheme You've Never Heard of ... - AOL

   www.aol.com/money-laundering-scheme-youve-never...

   During the Nixon administration, Congress passed the Bank Secrecy Act to help law enforcement fight money laundering. Thanks to that law, banks and credit unions must report all cash transactions ...

6. Anti–money laundering - Wikipedia

   en.wikipedia.org/wiki/Anti–money_laundering

   The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (AML/CTF Act) is the principal legislative instrument, although there are also offence provisions contained in Division 400 of the Criminal Code Act 1995 (Cth). Upon its introduction, it was intended that the AML/CTF Act would be further amended by a second tranche of ...

7. Business owners should not forget anti-money laundering rule ...

   www.aol.com/business-owners-not-forget-anti...

   Small business owners should not forget about a rule — currently in legal limbo — that would require them to register with an agency called the Financial Crimes Enforcement Network, or FinCEN ...

8. Financial Crimes Enforcement Network - Wikipedia

   en.wikipedia.org/wiki/Financial_Crimes...

   On March 18, 2013, FinCEN issued a guidance regarding virtual currencies, [19] according to which, exchangers and administrators, but not users of convertible virtual currency are considered money transmitters, and must comply with rules to prevent money laundering/terrorist financing ("AML/CFT") and other forms of financial crime, by record ...

9. US appeals court halts enforcement of anti-money laundering law

   www.aol.com/news/us-appeals-court-halts...

   By Nate Raymond (Reuters) -A U.S. appeals court has halted enforcement of an anti-money laundering law that requires corporate entities to disclose the identities of their real beneficial owners ...